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RARE OPPORTUNITY: 30,800 SF on 1.64 ACRE LOT in the HEART OF IRVINE BUSINESS COMPLEX

Listing was updated at: 07/24/2019

Property Overview

Price/Rent PSF $ 10,800,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 30,800
Date Available 07/24/2019
Additional URL Link
Floors 2
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Description

Location
Hale Centre has a tremendous upside potential due to IBC's Residential/Mixed Use Rezone Overlay*. In July 2010, the City of Irvine Zoning Ordinance allowed for commercial land to be redeveloped as residential units. To date, there are 8,720 units newly constructed and additional 6,355 units in process. Also, Hale Centre is walking distance to Tustin Legacy, a 1,600 acre planned community. Close proximity to major city developments, is ideal for Owner-User, Investor, and/or Developer.

*Buyer to obtain necessary permits and approvals directly from the City of Irvine. Please review Disclaimer.

TO ACCESS PROTECTED DOCUMENTS (e.g. OM):
1. Go to DOCUMENTS TAB and click on the file you would like to download.
2. Create an account on BuildOut (or login using existing account).
3. Review and Accept Confidentiality Agreement.
4. Private Client REPS Team Member will grant access upon approval.

Sale
Private Client Real Estate Portfolio Services is proud to exclusively offer this rare opportunity to own Hale Centre, a free-standing mixed use industrial/manufacturing building situated in the heart of Irvine Business Complex (IBC). It is located between highly-trafficked thoroughfares Jamboree, Von Karman, Barranca Parkway, and Alton Parkway.
Currently being utilized as a dental arts laboratory with a clean-room, this 30,800 square feet two-story Flex Building will be delivered vacant and available for immediate occupancy or built-to-suit for single-tenant or multi-tenancy. Its expansive 1.64 acre lot provides a .46 floor to area ratio (FAR) and 118 spaces of surface parking.

Hale Centre has a tremendous upside potential due to IBC's Residential/Mixed Use Rezone Overlay*. In July 2010, the City of Irvine Zoning Ordinance allowed for commercial land to be redeveloped as residential units. To date, there are 8,720 units newly constructed and additional 6,355 units in process. Also, Hale Centre is walking distance to Tustin Legacy, a 1,600 acre planned community. Close proximity to major city developments, is ideal for Owner-User, Investor, and/or Developer.

*Buyer to obtain necessary permits and approvals directly from the City of Irvine. Please review Disclaimer.

TO ACCESS PROTECTED DOCUMENTS (e.g. OM):
1. Go to DOCUMENTS TAB and click on the file you would like to download.
2. Create an account on BuildOut (or login using existing account).
3. Review and Accept Confidentiality Agreement.
4. Private Client REPS Team Member will grant access upon approval.

Location

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